Apple Analyst: iPhone 5 Launch Will Drive The Stock Closer To $1001

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Apple Analyst: iPhone 5 Launch Will Drive The Stock Closer To $1001

Apple fans everywhere are awaiting the release of the iPhone 5, which is set to arrive during the 3rd quarter.

If you are still in love with the Apple Inc.’s (NASDAQ:AAPL) iPhone 4s, why should you consider purchasing the next generation? According to Topeka Capital Markets analyst Brian White, this future phone has a lot going for it. White recently met with supply chain players to talk about the future of the phone and now he wants to share what he has recently learned about the highly-anticipated gadget, “The buzz around the new iPhone 5 is growing in Asia and speculation around the timing of the launch has begun. In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case. This new, sleek look will be the most important reason that consumers decide to upgrade to the iPhone 5, while we believe the addition of 4G will also attract buyers of the new device. We believe the iPhone 5 ramp for the December quarter could be extraordinary, dwarfing previous launches and driving the stock closer to our $1,001 price target”

White also predicted that the phones will probably launch in the late summer around August or September.

Apple is the one technology company that’s forever changing the way we think about technology devices. They set the standards that other tech companies try so hard to follow their lead by making similarly desirable tech products but many fail to find the same success. There is little doubt that the iPhone 5 will fail to please but I’m sure that I am not the only person wondering about what else they might have in store. The iPhone 5’s four-inch display sounds pretty impressive and it makes me wonder that if in a year or two, Apple just will not merge the iPad and iPhone into a solid phone-tablet that is similar to the Samsung Galaxy.

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